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Cheap Apartments for Rent in the Kilowatt Lake Neighborhood of Memphis, TN from $300 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Kilowatt Lake area of Memphis.
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Rent Specials
$625 - $9001 to 4 Bedroom Apartments Available Now
Springdale Creek Apartments
831 Springdale Run DrMemphis, TN 38108
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$659 - $9202 Bedroom Apartments Available Now
University Gardens Manor
2059 N Cabana CirMemphis, TN 38107
1512 N Merton St
MemphisTN38108
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1591 Locust St
MemphisTN38108
1531 Pope St
MemphisTN38108
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$800 - $1,425Studio to 3 Bedroom Apartments Available Now
Kings Reserve Memphis
1550 N ParkwayMemphis, TN 38112
1032 N Evergreen St
MemphisTN38107
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1202-1204 Tutwiler Ave
MemphisTN38107
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2367 Hubbard Ave
MemphisTN38108
3190 Coleman Ave
MemphisTN38112
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1536 Brookins St
MemphisTN38108
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1155 N Belvedere Blvd
MemphisTN38108
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1475 Pope St
MemphisTN38108
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1290 N McNeil St
MemphisTN38108
820 Maury St
MemphisTN38107
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
1157 N Belvedere Blvd
MemphisTN38108
1313 Fairfax St
MemphisTN38108
2188 Piedmont Ave
MemphisTN38108
1614 Oakwood St
MemphisTN38108
1034 Kney St
MemphisTN38107
1030 Kney St
MemphisTN38107
728 N Montgomery St
MemphisTN38107
2655 Whitman Ave
MemphisTN38112
1742 Brown Ave
MemphisTN38107
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
1740 Brown Ave
MemphisTN38107
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846 Biggs St
MemphisTN38108
2071 Hubert Ave
MemphisTN38108
775 Pope St
MemphisTN38112
1080 N Evergreen St
MemphisTN38107
1078 N Evergreen St
MemphisTN38107
3054 Coleman Ave
MemphisTN38112
826 Maury St
MemphisTN38107
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
824 Maury St
MemphisTN38107
Showing Results 1-46, Page 1 of 1
Kilowatt Lake, Memphis, TN Local Guide
How much does it cost to rent an apartment in Kilowatt Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kilowatt Lake Studio Apartments | $1,103 | $900 | $1,766 |
| Kilowatt Lake 1 Bedroom Apartments | $1,131 | $525 | $1,998 |
| Kilowatt Lake 2 Bedroom Apartments | $1,283 | $659 | $2,464 |
| Kilowatt Lake 3 Bedroom Apartments | $1,145 | $800 | $1,375 |
| Kilowatt Lake 4 Bedroom Apartments | $2,591 | $900 | $4,283 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Kilowatt Lake Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Kilowatt Lake, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Cheapest Available Kilowatt Lake Apartments for Rent
The cheapest available apartment rental in the Kilowatt Lake area of Memphis, TN is a 1 Bed unit found at Springdale Creek Apartments priced from $625. University Gardens Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $659. Here are the most affordable Kilowatt Lake apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $625 |
| University Gardens Manor | 2x1 Classic | 2BR,1BA | $659 |
| Kings Reserve Memphis | Beale Corner Grande | 1BR,1BA | $800 |
| The Galloway @ Evergreen | The Evergreen | 2BR,1BA | $999 |
| Parcels at Concourse | Kismet 9 | 1BR,1BA | $1,769 |
Best Value Apartments for Rent in Kilowatt Lake, TN
As of December 31, 2025 the best value apartment in the Kilowatt Lake area is the $1.91 price per square foot Americus 2 Model at Parcels at Concourse in the in the Medical District neighborhood starting from $2,019. The second greatest value Kilowatt Lake apartment is the The Evergreen Model at The Galloway @ Evergreen starting at $999 with a $1.25 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Kilowatt Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parcels at Concourse | Americus 2 | 2BR,2BA | $1.91 |
| The Galloway @ Evergreen | The Evergreen | 2BR,1.5BA | $1.25 |
| University Gardens Manor | Gold Unit | 2BR,1BA | $1.19 |
| Springdale Creek Apartments | 1 Bedroom | 1BR,1BA | $0.89 |
| Kings Reserve Memphis | Beale Corner Grande | 1BR,1BA | $1.94 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleKilowatt Lake, Memphis, TN
Ranked #92
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Kilowatt Lake Apartments
What is a cheap apartment in Kilowatt Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Kilowatt Lake is under $1,769.
What is the price of a cheap apartment in Kilowatt Lake?
The cheapest apartment in Kilowatt Lake is Springdale Creek Apartments which is listed at $625, while the average apartment in Kilowatt Lake costs $2,591.
What types of apartments are the cheapest in Kilowatt Lake?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Kilowatt Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Kilowatt Lake?
Cheap apartments in Kilowatt Lake have an average cost of $353 which is $2,238 cheaper than the average rent for all rentals in Kilowatt Lake.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.